Capital Advisors Inc. OK Has $13.13 Million Stock Position in Meta Platforms, Inc. (NASDAQ:META)

Capital Advisors Inc. OK raised its holdings in Meta Platforms, Inc. (NASDAQ:META) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,943 shares of the social networking company’s stock after purchasing an additional 282 shares during the quarter. Capital Advisors Inc. OK’s holdings in Meta Platforms were worth $13,133,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Delos Wealth Advisors LLC lifted its stake in Meta Platforms by 527.3% in the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock valued at $34,000 after purchasing an additional 58 shares during the last quarter. POM Investment Strategies LLC bought a new stake in shares of Meta Platforms during the second quarter worth $38,000. Ruedi Wealth Management Inc. increased its holdings in shares of Meta Platforms by 122.2% during the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock worth $40,000 after buying an additional 44 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in shares of Meta Platforms by 95.6% in the 1st quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company’s stock valued at $41,000 after acquiring an additional 43 shares during the last quarter. Finally, Halpern Financial Inc. acquired a new stake in shares of Meta Platforms during the 3rd quarter valued at $46,000. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the subject of a number of recent research reports. TD Securities upped their target price on Meta Platforms from $530.00 to $600.00 in a report on Wednesday, July 10th. Citigroup upped their price objective on Meta Platforms from $645.00 to $705.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird lifted their target price on shares of Meta Platforms from $605.00 to $630.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Piper Sandler upped their price target on shares of Meta Platforms from $575.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus lifted their price target on shares of Meta Platforms from $590.00 to $663.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $634.10.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 420 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $600.17, for a total value of $252,071.40. Following the transaction, the chief executive officer now owns 518,004 shares in the company, valued at $310,890,460.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $580.10, for a total value of $524,990.50. Following the completion of the sale, the insider now directly owns 31,482 shares of the company’s stock, valued at approximately $18,262,708.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 420 shares of Meta Platforms stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $600.17, for a total transaction of $252,071.40. Following the transaction, the chief executive officer now directly owns 518,004 shares in the company, valued at approximately $310,890,460.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 250,040 shares of company stock worth $132,361,588. Insiders own 13.71% of the company’s stock.

Meta Platforms Trading Down 1.1 %

NASDAQ META opened at $560.68 on Tuesday. The company has a quick ratio of 2.83, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a 52 week low of $313.66 and a 52 week high of $602.95. The business has a 50 day moving average price of $556.78 and a 200-day moving average price of $513.67. The company has a market cap of $1.42 trillion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 1.36 and a beta of 1.22.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The business had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. As a group, equities analysts expect that Meta Platforms, Inc. will post 21.84 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Monday, September 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 annualized dividend and a yield of 0.36%. Meta Platforms’s payout ratio is 9.42%.

Meta Platforms Company Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.